To
The Members,
The Board of Directors are pleased to present the 13th Annual Report of the
Company together with the audited Financial Statements for the year ended March 31, 2023.
1. THE STATE OF THE COMPANY AFFAIR
Our Company has a manufacturing unit spread in 2 acres of land situated at Plot no.
344, Sector - 3, Phase - II, IMT Bawal - 123501 solely dedicated for production of Copper
products. Our Company is rapidly growing in manufacturing of copper products. Copper is
the most widely used conductor in many kinds of electrical wiring. Copper has the lowest
resistance to the flow of electricity of all nonprecious metals. With the use of highly
sophisticated technology and imported machinery, we are a pioneer in manufacturing of
high-grade Copper Continuous Casting Rods which does not only have a uniform high
electrical conductivity but also ensures maximum efficiency in conducting Electrical power
and signals.
2. FINANCIAL PERFORMANCE
> REVENUE
The total income achieved by your Company during the FY 2022-23 was Rs. 1039.05 crores
against the total income of Rs. 1029.50 crores achieved during last fiscal. Operating
income for the current year increased to Rs. 1028.88 crores against Rs. 1028.25 crores
during last fiscal.
> EXPENSES
The total expenditure for the FY 2022-23 amounted to Rs. 1017.93 crores as against
expenditure of Rs. 1015.35 crores during last fiscal.
> PROFIT
During the FY 2022-23, your Company earned net profit after tax of Rs. 13.68 crores
against the net profit after tax of Rs. 10.02 crore during last fiscal.
> SHARE CAPITAL
During FY 2022-23 your Company has increased its Authorized Share Capital and Issue
Bonus Shares. The details are as follows:
INCREASE IN AUTHORIZED AND PAID-UP CAPITAL
|
Authorized Share Capital |
Paid-Up Share Capital |
Nature |
No. of Shares |
FV (in Rs.) |
Total |
No. of Shares |
FV (in Rs.) |
Total |
Shares as on March 31, 2022 |
2,00,00,000 |
10 |
20,00,00,000 |
1,84,32,000 |
10 |
18,43,20,000 |
Shares as on March 31 ,2023 |
50,00,00,000 |
1 |
50,00,00,000 |
27,64,80,000 |
1 |
27,64,80,000 |
3. FINANCIAL HIGHLIGHTS
Particulars |
Year Ended 31.03.2023 |
Year Ended 31.03.2022 |
|
(Rs. in Lakhs) |
(Rs. in Lakhs) |
Revenue from operations |
1,02,888 |
1,02,825 |
Other income |
1,017 |
125 |
Profit Before Finance Cost, Depreciation & Amortization, Other Expenses and T
axation |
5,441 |
4,008 |
Less: Finance Cost |
728 |
397 |
Less: Depreciation and amortization |
119 |
114 |
Less: Other Expenses |
2,482 |
2,082 |
Profit Before tax |
2,112 |
1,415 |
Less: Provision for tax |
|
|
Current T ax |
710 |
367 |
Deferred Tax |
34 |
46 |
Net Profit for the Year |
1,368 |
1,002 |
Less: Income Tax Paid for earlier year |
- |
- |
Add: Other Comprehensive Income |
- |
- |
Total Comprehensive Income |
1,368 |
1,002 |
Interim Dividend paid |
184 |
- |
4. DIVIDEND
During the year, the Board of Directors had declared Interim Dividend of Rs. 1.00/- per
equity share of face value of Rs. 10/- each on August 01,2022 which has been paid on
August 25, 2022.
5. TRANSFER TO RESERVES
The Company has not transferred any amount to the Reserve for the financial year ended
March 31, 2023.
6. CHANGE IN THE NATURE OF BUSINESS
There has been no change in the nature of business of the Company during the financial
year ended March 31, 2023.
7. DIRECTORS AND KEY MANAGERIAL PERSONNEL
Mr. Ashok Kalra, who retires by rotation at this meeting and being eligible has offered
himself for reappointment. The Board recommends the re-appointment of Mr. Ashok Kalra as
Director liable to retire by rotation. The information in terms of Regulation 36 of the
SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 has been provided
in this notice convening the Annual General Meeting.
During the financial year, Mr. Shiv Kumar, resigned as Independent Director w.e.f.
March 25, 2023 and Mrs. Kavitarani, resigned as the Executive Director w.e.f. November 30,
2022 from the Company.
The Board places on record deep appreciation for guidance and support provided by Mr.
Shiv Kumar and Mrs. Kavitarani during his tenure with the Company.
Mr. Jitender Kumar Sharma, Company Secretary and Compliance Office also resigned from
the company w.e.f. December 12, 2022.
Board has, on the recommendation of Nomination and Remuneration Committee, appointed
Mr. Manoj Kumar Jangir (DIN: 08069170) as Additional Executive Director of the Company
w.e.f. November 30, 2022 and Mrs. Anjali (DIN: 10096292) as the Additional Non-Executive
Independent Director of the company w.e.f. March 25, 2023 subject to the approval of the
shareholders. The Committee of the Board has reconstituted and the details is given in the
Corporate Governance Report.
In the meeting held on March 25, 2023, Mr. Yogender Kumar Sharma also has appointed as
the Company Secretary and Compliance Office of the Company.
In the Postal Ballot dated May 09, 2023, shareholders have approved the appointment of
Mr. Manoj Kumar Jangir as the Executive Director and Mrs. Anjali as the Non-Executive
Independent Director of the Company.
> Presently the Board of Directors of the Company comprise of the following:
S. NO |
Name |
Designation |
1. |
Mr. Het Ram |
Managing Director |
2. |
Mr. Manoj Kumar Jangir |
Executive Director & CFO |
3. |
Mr. Ashok Kalra |
Executive Director |
4. |
Mrs. Anjali |
Independent Director |
5. |
Mr. Sanjeev Chhaudha |
Independent Director |
6. |
Mr. Arun Sharma |
Independent Director |
7. |
Mr. Yogender Kumar Sharma |
Company Secretary and Compliance officer |
8. CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION, FOREIGN EXCHANGE EARNINGS AND OUTGO
The particulars required to be furnished under Section 134(3)(m) of the Companies Act,
2013 read with Companies (Account) Rules, 2014 are set out in Annexure-1, which
forms part of the report.
9. MATERIAL CHANGES AFFECTING THE FINANCIAL POSITION OF THE COMPANY
The particulars as required under the provisions of Section 134(3) (l), following
changes have occurred which have affected the financial position of the company occurred
between the end of the financial year of the company and the date of Board's Report.
- Company in its Board Meeting held on August 01, 2022 has declared an Interim Dividend
of 10% (i.e. Re. 1/- per share) amounting to Rs. 1,84,32,000 (One Crore Eighty-Four Lakhs
Thirty-Two Thousand) be paid out of the F.Y. 2022-23.
- Company in its Board meeting held on August 10, 2022 passed resolution subject to
approval of shareholders to issue fully paid-up Bonus shares in the ratio 1:2 aggregating
to further issue of 92.16.000 (Ninety-Two Lakhs Sixteen Thousand) shares of Rs. 10 each
amounting to Rs. 9.21.60.000/- (Rupees Nine Crores Twenty-One Lakhs, Sixty Thousand only),
for distribution among the existing equity shareholders of fully paid equity shares of the
Company.
10. LOANS, GUARANTEES OR INVESTMENTS
The Company has adhered to the provisions of section 186 of the Companies Act, 2013 in
respect of loans, advances and investments which are duly accounted for & reflected in
the audited financial statements (refer Note No. 11 to the "Notes to IND AS Financial
Statements").
11. SUBSIDIARIES, JOINT VENTURES AND ASSOCIATE COMPANIES
The Company does not have any Subsidiary, Joint venture or Associate Company.
Therefore, disclosure in form AOC-1 is not applicable.
12. RELATED PARTY TRANSACTIONS
All related party transactions that were entered into during the year were in the
ordinary course of business and at arm's length basis and were entered with the
omnibus/prior approval of the Audit Committee, which were periodically placed before the
Board for review. The details of the transactions with related party are provided in the
company's financial statements in accordance with the applicable provisions / Accounting
Standards.
In terms of the revised materiality thresholds as per the amended Listing Regulations,
2015, approval of the Shareholders was obtained for certain material related Party
transactions by way of a Postal Ballot. The said approval was received on June 16, 2023 by
way of an ordinary resolution passed through Postal ballot. Since, there were no
transactions requiring disclosure under provisions of the Act, Form AOC-2 does not form a
part of this report
Disclosure required under Schedule V of SEBI LODR Regulations 2015 read with Regulation
34(3) is given as under:
Sl. No. |
Disclosures of amounts at the year end and the maximum amount of loans/ advances/
Investments outstanding during the year |
Details |
1. |
Loans and advances in the nature of loans to subsidiaries by name and amount |
NIL |
|
Loans and advances in the nature of loans to associates by name and amount. |
NIL |
|
Loans and advances in the nature of loans to firms/companies in which directors are
interested by name and amount. |
NIL |
2. |
Investments by the loanee in the shares of parent company and subsidiary company, when
the company has made a loan or advance in the nature of loan. |
NIL |
The company has a policy on materiality of and dealing with Related Party Transactions,
as approved by the Board, which is available at its website www.rajnandinimetal.com.
13. STATUTORY AUDITORS
Pursuant to the provisions of Section 139, 142 and other applicable provisions, if any,
of the Companies Act, 2013 read with Companies (Audit and Auditors) Rules, 2014 (including
any statutory modification(s) or re-enactment thereof, for the time being in force) and in
pursuance to resolution passed by the members of the Company at the Annual General Meeting
dated July 26, 2019 for appointment of M/s. Sanmarks & Associates, Chartered
Accountants, (FRN: 003343N) as statutory auditor of the Company for a block subsequent
five financial years ending March 31, 2024 subject to ratification by the Shareholders
approval in every year. Your Directors recommends the ratification of appointment of
Statutory Auditors in the AGM to be held for FY 2023-24.
14. COST AUDITOR
As per Section 148 of the Companies Act, 2013, the Company is required to have the
audit of its cost records conducted by a Cost Accountant in practice. Pursuant to the
provisions of Section 141 read with Section 148 of the Companies Act, 2013 and Rules made
thereunder, M/s. Vandana Bansal & Associates, Cost Accountants (Firm registration No.
100203) has been appointed as the Cost Auditor of the Company for the year ending March
31, 2024. Cost audit report for financial year 2022-23 has been filed with the Ministry of
Corporate Affairs within stipulated time period.
15. INTERNAL CONTROL SYSTEMS AND THEIR ADEQUACY
The Company has an Internal Control System which is commensurate with the size, scale
and complexity of its operations. To maintain its objectivity and independence, the
Internal Audit reports to the Chairman of the Audit Committee of the Board.
The Internal Audit Department reviews the effectiveness and efficiency of these systems
and procedures to ensure that all assets are protected against loss and that the financial
and operational information is accurate and complete in all respects. Company policies,
guidelines and procedures provide for adequate checks and balances and are meant to ensure
that all transactions are authorized, recorded and reported correctly.
16. REPORTING OF FRAUDS BY AUDITORS
During the year under review, none of the Auditors have reported to the Audit
Committee, or to the Board, under section 143(12) of the Companies Act, 2013, any
instances of fraud committed against the Company by its officers or employees.
17. VIGIL MECHANISM
The Company has established a vigil mechanism that enables the Directors and Employees
to report genuine concerns. The vigil mechanism provides for (a) adequate safeguards
against victimization of persons who use the vigil mechanism; and (b) direct access to the
Chairperson of the Audit Committee of the Board of Directors of the Company in appropriate
or exceptional cases.
18. PARTICULARS OF EMPLOYEES
Information in accordance with the provisions of Section 134(3)(q) and Section 197(12)
of the Companies Act, 2013 read with Rule 5(1) of the Companies (Appointment and
Remuneration of Managerial Personnel) Rules, 2014, regarding employees is given in Annexure-2.
19. SECRETARIAL AUDIT REPORT
Pursuant to the provisions of Section 204 of Companies Act, 2013 and Companies
(Appointment and Remuneration of Managerial Personnel Rules) 2014, Company had appointed
M/s Abhishek J & Co. Company Secretaries in Practice to undertake the Secretarial
Audit of the Company for the financial year 2022-23. The Secretarial Audit Report is
attached as Annexure-3.
The management response on the observation given by the Secretarial Auditor in the
Audit Report is as-
- The Company has not appointed qualified Company Secretary as the Compliance Officer
from December 13, 2022 till March 24, 2023 resulting in non-compliance of regulation 6(1)
of Securities and Exchange Board of India (Listing Obligations and Disclosure
Requirements) Regulations,2015. Response- The Company has appointed Mr. Yogender Kumar
Sharma as a Company Secretary and Compliance Officer w.e.f. March 25, 2023.
- The Company has not appointed Woman Director on the Board from November 30, 2022 till
March 24, 2023 resulting in non-compliance of regulation 17(1) of Securities and Exchange
Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Response- The Company has appointed Mrs. Anjali (DIN: 10096292) as an Independent Women
Director w.e.f. March 25, 2023.
- The Company has not taken approval from the Shareholders for appointment of Shri
Manoj Kumar Jangir as an Executive Director within the prescribed time limits of 90 days
resulting in noncompliance of regulation 17(1C) of Securities and Exchange Board of India
(Listing Obligations and Disclosure Requirements) Regulations, 2015.
Response- The Company has regularized the appointment of Shri Manoj Kumar Jangir
through the Postal Ballot on June 16, 2023.
- The Company has not disclosed its Corporate Social Responsibility (CSR) Policy in its
Board Report resulting in violation of provisions of Section 135 of Companies Act, 2013.
Response- Noted. The CSR was applicable for the first time on the company in the last
financial year. We apologize for any oversight that may have led to this omission in our
recent Board Report. We will ensure that such incidents will not recur in the future.
20. DISCLOSURE UNDER SEXUAL HARASSMENT OF WOMEN AT WORKPLACE (PREVENTION, PROHIBITION
AND REDRESSAL) ACT, 2013
The company has a policy on prohibition, prevention and redressal of sexual harassment
of women at workplace and matters connected therewith or incidental thereto covering all
the aspects as contained under "Sexual Harassment of Women at Workplace (Prevention,
Prohibition and Redressal) Act, 2013".
The company has complied with the provision relating to constitution of Internal
Complaints Redressal Committee under the Act. The Internal Committee composed of internal
members and an external member who has extensive experience in the field.
During the financial year 2022-2023, the details of the complaints were as under
Sl.No. |
Particulars |
Details |
1. |
Number of complaints filed during the financial year |
Nil |
2. |
Number of complaints disposed of during the financial year |
Not Applicable |
3. |
Number of complaints pending as on end of the financial year |
Nil |
21. COMMITMENT TO QUALITY AND ENVIRONMENT
Rajnandini recognizes quality and productivity as a pre-requisite for its operations
and has implemented ISO 9001:2015 standards and ISO 14001:2015 standards.
Anti-pollution systems are fully installed and operational. Continuous efforts to
preserve the environment are pursued.
22. BOARD MEETINGS
The details of number and dates of meetings held by the Board and its Committees,
attendance of Directors and sitting fee/ commission/ remuneration paid to them is given
separately in the attached Corporate Governance Report.
23. ANNUAL RETURN
The particulars required to be furnished under Section 92(3) read with Section 134(3)
of the Companies Act, 2013 and with Companies (Management and Administration) Rules, 2014
as prescribed will be available at company's website link at
https://www.rainandinimetal.com/investor.
24. PERFORMANCE EVALUATION OF BOARD & INDIVIDUAL DIRECTORS
In compliance with the Companies Act, 2013 and Regulation 17(10) of SEBI (Listing
Obligations and Disclosure Requirements), Regulations, 2015, the performance evaluation of
the Board, its committees and of individual directors was carried out during the year
under review. More details on the same are given in the Corporate Governance Report.
The performance evaluation of Independent Directors was done by the entire Board of
Directors on March 25, 2023 and in the evaluation, the directors who were subiect to
evaluation did not participate. The Board opined that the Independent Directors meet the
criteria of persons with integrity and possess relevant expertise / experience, including
proficiency (where required) and fulfilling the conditions specified in the Act for
appointment as Independent Directors and are independent of the Management.
25. NOMINATION AND REMUNERATION POLICY
The Nomination and Remuneration Policy applies to Directors and senior management
personnel. The policy is approved by the Nomination and Remuneration Committee and the
Board.
The policy is available on the company's website and web link for the same is
https://www.rainandinimetal.com/RainandiniMetalImage/InvestorsPdf/nomination-remuneration-
policy-1 .pdf. The policy is designed to attract, motivate and retain manpower by creating
congenial work environment and inculcating a sense of belonging, besides offering
appropriate remuneration package and superannuation benefits. The appointment and
remuneration of Executive Directors is based on merit and seniority of person. Non-
Executive Directors are paid sitting fee in accordance with the Companies Act, 2013.
26. PUBLIC DEPOSITS
The Company has not accepted any deposit form the public during the year under review
as covered the provisions of Section 73 of the Companies Act, 2013 read with the Companies
(Acceptance of Deposits) Rules, 2014. Further, no amount on account of principal or
interest on deposit was outstanding as at the end of the year under report.
27. TRANSFER OF UNCLAIMED DIVIDEND TO INVESTOR EDUCATION AND PROTECTION FUND
The company have not transferred any dividend to IEPF.
28. DETAILS OF SIGNIFICANT AND MATERIAL ORDERS PASSED BY THE REGULATORS OR COURTS OR
TRIBUNALS IMPACTING THE GOING CONCERN STATUS AND COMPANY'S OPERATIONS IN FUTURE
No such order has been passed by any Regulators or Courts or Tribunals.
29. MANAGEMENT DISCUSSION AND ANALYSIS REPORT
The Management Discussion and Analysis report has been separately furnished in the
Annual Report and forms a part of the Annual Report at and is attached as Annexure-4.
30. CORPORATE SOCIAL RESPONSIBILITY COMMITTEE
Corporate Social Responsibility Committee comprised of Mr. Arun Sharma as the Chairman
and Mr. Het Ram and Mr. Ashok Kalra as the members.
The web-link of the CSR Policy is
https://www.rainandinimetal.com/RainandiniMetalImage/InvestorsPdf/csr-policy-1.pdf.
Report on CSR activities is given in Annexure-5 forming part of this report.
31. AUDIT COMMITTEE
Audit Committee comprised of Mr. Arun Sharma as Chairman and Mr. Sanieev Chhaudha and
Mr. Manoj Kumar Jangir as members. During the year, Mr. Shiv Kumar resigned the office of
member of the Audit Committee w.e.f. March 25, 2023. Mr. Manoj Kumar Jangir has been
inducted as a Member of the Committee w.e.f. March 25, 2023.
The details of terms of reference of the Audit Committee, member, dates of meeting held
and attendance of the Directors are given separately in the Corporate Governance Report.
32. NOMINATION AND REMUNERATION COMMITTEE
Nomination and Remuneration Committee comprised of Mr. Arun Sharma as Chairman and Mr.
Sanjeev Chhaudha and Mrs. Anjali as members. During the year, Mr. Shiv Kumar resigned the
office of member of the Nomination and Remuneration Committee w.e.f. March 25, 2023. Mrs.
Anjali has been inducted as a Member of the Committee w.e.f. March 25, 2023.
The details of terms of reference of the Nomination and Remuneration Committee, member,
dates of meeting held and attendance of the Directors are given separately in the
Corporate Governance Report.
33. STAKEHOLDER RELATIONSHIP COMMITTEE
Stakeholders' Relationship Committee comprised of Mr. Sanjeev Chhaudha as Chairman and
Mr. Het Ram & Mr. Arun Sharma as members.
The details of terms of reference of the Committee, member, dates of meetings held and
attendance of the Directors are given separately in the Corporate Governance Report.
34. RISK MANAGEMENT
The Board of Directors has adopted a risk management policy to develop and implement
risk management procedure/ plan including their in elements of risks, if any which in the
opinion of the
Board may threaten the existence of the Company.
35. CORPORATE GOVERNANCE
A separate report of the Board of Directors of the Company on Corporate Governance is
included in the Annual Report as Annexure-6.
36. DECLARATION BY INDEPENDENT DIRECTORS
The independent directors have individually declared to the Board that they meet the
criteria of independence as provided in Section 149(6) of the Companies Act, 2013 at the
time of their respective appointment and there is no change in the circumstances as on the
date of this report which may affecttheir status as an independent director.
37. BUSINESS RESPONSIBILITY REPORT
The Business Responsibility Reporting as required by Regulation 34(2) of the SEBI
(Listing Obligations & Disclosure Requirements) Regulations, 2015, is not applicable
to your company for the financial period ended March 31, 2023.
38. LISTING
The equity shares of your Company are listed on the National Stock Exchange of India
(NSE) Limited.
39. DEMATERIALISATION OF SHARES
The shares of your Company are being traded in electronic form and the Company has
established connectivity with both the depositories i.e. National Securities Depository
Limited (NSDL) and Central Depository Services (India) Limited (CDSL). As on March 31,
2023, 100% of the share capital stands dematerialized
40. CODE OF CONDUCT
Directors, Key Managerial Personnel and Senior Management of the company have confirmed
compliance with the Code of Conduct applicable to the directors and employees of the
company and the declaration in this regard made by the CEO & Whole Time Director forms
a part of this report of the directors. Code of Conduct is available on the company's
website www.rajnandinimetal.com,
41. COMPLIANCE CERTIFICATE ON CORPORATE GOVERNANCE
The certificate from M/s. Abhishek J & Co., Practicing Company Secretaries
confirming compliance with the requirements of Corporate Governance as stipulated in
Schedule V of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
forms part of the Annual report.
42. COMPLIANCE WITH SECRETARIAL STANDARDS
The Board of Directors affirms that the Company has complied with the applicable
Secretarial Standards issued by the Institute of Companies Secretaries of India (SS-1 and
SS-2) respectively relating to Meetings of the Board and its Committees which have
mandatory application.
43. ANNEXURES FORMING A PART OF DIRECTOR'S REPORT
The Annexures referred to in this Report and other information which are required to be
disclosed are annexed herewith and form a part of this Report:
Annexure |
Particulars |
1 |
Particulars of Conservation of Energy, Technology Absorption and Foreign Exchange
Earnings and Outgo |
2 |
Particulars of Employees under Section 134(3)(q) and Section 197(12) of the Companies
Act, 2013 |
3 |
Secretarial Audit Report |
4 |
Management Discussion and Analysis Report |
5 |
Report on Corporate Social Responsibility |
6 |
Corporate Governance Report |
44. CAUTIONARY STATEMENT
Statements in this report, describing the Company's objectives, expectations and/or
anticipations may be forward looking within the meaning of applicable Securities Law and
Regulations.
Actual results may differ materially from those stated in the statement. Important
factors that could influence the Company's operations include global and domestic supply
and demand conditions affecting selling prices of finished goods, availability of inputs
and their prices, changes in the Government policies, regulations, tax laws, economic
developments within the country and outside and other factors such as litigation and
industrial relations.
The Company assumes no responsibility in respect of the forward-looking statements,
which may undergo changes in future on the basis of subsequent developments, information
or events.
45. DIRECTORS RESPONSIBILITY STATEMENT
Your Directors wish to inform members that the Audited Accounts containing Financial
Statements for the Financial Year 2022-23 are in conformity with the requirements of the
Companies Act, 2013. They believe that the Financial Statements reflect fairly, the form
and substance of transactions carried out during the year and reasonably present the
Company's financial condition and results of operation.
In accordance with the provisions of Section 134(3)(C) of the Companies Act, 2013 your
Directors further confirm as under:
(i) That in the preparation of the annual accounts, the applicable accounting standards
had been followed along with proper explanation relating to material departures;
(ii) That the Directors have selected such Accounting Policies and applied them
consistently and made judgments and estimates that are reasonable and prudent so as to
give true and fair view of the state of affairs of the company at the end of the financial
year and of the profit or loss of the company for the year for that period;
(iii) That the Directors have taken proper and sufficient care for the maintenance of
the adequate Accounting records in accordance with the provisions of the Companies Act,
2013 for safeguarding the assets of the company and for preventing and detecting fraud and
other irregularities.
(iv) That the Directors have prepared the annual accounts on a "going concern
basis".
(v) That the Directors had laid down internal financial controls to be followed by the
company and that such internal financial controls are adequate and were operating
effectively; and
(vi) The directors had devised proper systems to ensure compliance with the provisions
of all applicable laws and that such systems were adequate and operating effectively.
46. ACKNOWLEDGEMENTS
Your Directors acknowledges gratefully the shareholders for their continued support and
confidence. Your Directors also wish to record their appreciation for the loyal and
devoted services rendered by the staff of the Company during the year.
|
For and on behalf of Board of Director |
|
sd/- |
|
Het Ram |
|
DIN: 02925990 |
|
Chairman & Managing Director |
Date: August 24, 2023 |
|
Place: Bawal |
|
|